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as a small business owner are you sure your accounting processes are perfectly set up if you are having trouble realizing your growth or financial goals heres something you might be neglecting accounts receivable accounts receivable refers to the money owed to your business for any goods or services youve already provided to customers what most small business owners fail to realize is how crucial a good accounts receivable process is to cash flow the thing is your business success is directly tied to cash flow however customers dont always keep their end of the bargain when it comes to making timely payments when you start keeping track of your accounts receivable youll notice that some customers are most likely to pay late a good accounts receivable process helps you anticipate this and send reminders to get paid on time similarly its easy for late payments to turn into non-payments without active tracking with an automated accounts receivable proc
